Notes to Accounts of Catvision Ltd.

Mar 31, 2024

3.9. PROVISIONS:

a) The Company does not make provision for doubtful debts and follows the practice of writing off bad
debts as and when determined.

b) A provision is recognized when an enterprise has a present obligation as a result of past event and
it is probable that an outflow of resources will be required to settle the obligation, in respect of which
a reliable estimate can be made. Provisions are not disclosed to its present value and are
determined based on best management estimate required to settle the obligation at the Balance
Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current
management estimates.

3.10. TAXATION:

Tax expense comprises both current and deferred taxes. Current Income Tax is measured as the
amount expected to be paid to the tax authorities in accordance with the Indian Income Tax Act,
1961. The tax rates and tax laws used to compute the amount are those that are enacted or
substantively enacted, at the reporting date.

Deferred Income Tax reflects the impact of current year timing differences between taxable income
and accounting income for the year and reversal of timing differences of earlier years. Deferred Tax
is measured using the tax rates and the tax laws enacted or substantively enacted at the Balance
Sheet date. Deferred income tax relating to items recognized directly in equity is recognized in equity
and not in the Statement of Profit and Loss.

Deferred tax assets have been recognized only to the extent there is reasonable certainty that the
assets can be realized in future. However, where there is unabsorbed depreciation or carry forward
loss under taxation laws, deferred tax assets are recognized only if there is virtual certainty of
realization of such assets. Deferred tax assets are reviewed at each balance sheet date and written
down or written up to reflect the amount that is reasonably/ virtually certain, as the case may be, to
be realized.

3.11. EARNIG PER SHARE (EPS):

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to

equity shareholder (after deducting attributable taxes) by the weighted average number of equity
shares outstanding during the year.

For the purpose of calculating Diluted Earnings Per Share, the net profit or loss for the year
attributable to equity shareholder and the weighted average number of shares outstanding during
the year are adjusted for the effects of all dilutive potential Equity Shares.

3.12. FINANCIAL INSTRUMENTS:

Financial assets and liabilities are recognized when the company becomes a party to the
contractual provisions of the instrument. Financial assets and liabilities are directly attributable to the
acquisition or issue of financial assets and financial liabilities (Other than financial assets and financial
liabilities at fair value through profit & loss) are added to or deducted from the fair value measured
on initial recognition of the financial asset or financial liability.

Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into
known amounts of cash that are subject to an insignificant risk of change in value and having original
maturities of three months or less from the date of purchase, to be cash equivalents. cash and cash
equivalents consist of balances with banks which are unrestricted for withdrawal and usage.
Earmarked bank balances for unpaid dividends and bank balances towards margin money or
security against borrowings and guarantees, are shown separately under the head.

Financial asset at amortized cost:

Financial assets are subsequently measured at amortized cost if these financial assets are held within
a business whose objective is to hold these assets to collect contractual cash flows and the
contractual terms of the financial assets give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.

Financial assets at fair value through other comprehensive income:

Financial assets are measured at fair value through other comprehensive income if these financial
assets are held within a business whose objective is achieved by both collecting contractual cash
flows on specified dates that are solely payments of principal and interest on the principal amount
outstanding and selling financial assets.
inancial assets at fair value through profit or loss:

Financial assets are measured at fair value through profit or loss unless they are measured at
amortized cost or at fair value through other comprehensive income on initial recognition. The
transaction costs directly attributable to the acquisition of financial assets and liabilities at fair value
through profit or loss are immediately recognized in statement of profit or loss.

Financial Liabilities:

Financial liabilities are measured at amortized cost using effective interest method.

Equity Instruments:

An equity instrument is a contract that evidences residual interest in the assets of the company after
deducting all of its liabilities. Equity instruments recognized by the company are recognized at the
proceeds received net off direct issue cost.

3.13. SEGMENT REPORTING:

The company identifies primary segment based on the dominate source, nature of risk and return,
internal organization and management structure and the internal performance reporting system.
The accounting policies adopted for the segment reporting are in line with accounting policies of
the company. The analysis of geographical segment is based on the areas in which major operating
division of the company operates

3.14. BORROWING COST:

Borrowing cost that is attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for intended use or sale are capitalized
as part of cost of the respective asset. All other borrowing cost are recognized as expenses in the
period in which they are incurred and charged to statement of Profit and Loss over the tenure of the
borrowing.

3.15. EXCEPTIONAL ITEMS:

In August 2023, the management of the company made a strategic decision to sell the leasehold
land and building premises located E-14 & E-15, Sector-8, Noida, to strengthen companies'' financial
position. Considering the favorable Real Estate market conditions in Noida, Management decided to
monetize aforesaid building premises, and to utilize the proceeds for future expansion plan. The
decision taken by the management was in the overall best interest of all the stakeholders. Sale of the
said Building Premises did not have any impact on the Company''s existing business, as the company
has also entered into agreement for availing the said building premises on lease. From this sale
transaction Company unlocked its Net worth and made capital gain of Rs. 648.99 Lacs.

3.16. IMPAIRMENT:

At each balance sheet date, the management reviews the carrying amounts of its assets to
determine whether there is any indication that those assets were impaired. If any such indication
exists, the impairment loss is provided.

3.17. CONTINGENT LIABILITIES:

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond
the control of the company or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises
in extremely rare cases where there is a liability that cannot be recognized because it cannot be
measured reliably. The company does not recognize a contingent liability but discloses its existence
in the financial statements.

3.18. CASH AND CASH EQUIVALENT:

Cash and cash equivalent for the purpose of cash flow statement comprises cash at bank and in
hand and shore term investments with an original maturity of three months or less. Earmarked bank
balances for unpaid dividends and bank balances towards margin money or security against
borrowings and guarantees, are shown separately under the head.

NOTE 48: Figures of the previous year have been regrouped/ reclassified, wherever necessary.
NOTE 49: The figures have been rounded off to the nearest Lakhs.

For G D Pandit & Co. For and on behalf of the Board of Directors

Chartered Accountants
Firm Regn. No. 00167N

S. A. Abbas Hina Abbas

Managing Director Whole Time Director

DIN:00770259 DIN:01980925

Vinod Goyal

Partner Dilip Das Nitish Nautiyal

Membership No. 083701 Chief Financial Officer Company Secretary

Place: Noida, U.P.

Date: 27.05.2024

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Mar 31, 2015

1. CORPORATE INFORMATION:

Catvision Limited, a public limited company incorporated under the Indian Companies Act, 1956, is listed on the Bombay Stock Exchange (Code: 53118). The company was incorporated as Catvision Products Limited on 28th June 1985. The name of the company was changed to Catvision Limited after obtaining a fresh certificate of incorporation.

2. BASIS OF PREPERATION:

The company has prepared its financial statements in accordance with generally accepted accounting principles in India (Indian GAAP). While preparing these financial statements, the company has complied with accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956.

The financial statements have been prepared on an accrual basis and under the historical cost convention which are carried at revalued amounts.

The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

3. The rights, power and preference relating to each class of shares:

(i) The company has only one class of shares having a par value of ' 10/- per share. Each holder of Equity Shares is entitled to vote per share. The Company declares and pay dividend in Indian Rupees.

(ii) In the event of liquidation of the Company, the holders of equity shares will be eligible to receive the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportions to the number of equity shares held by the shareholders.

The Cash credit facilities from Axis Bank Ltd., B-2, B-3, sector -16, Noida, U.P are repayable on demand and are secured by first legal mortgage on land , building and plant and machinery of the Company situated at Noida and Selaqui-Dehra Dun and hypothecation of Stock, Book Debts and personal guarantees of Promoter Directors.

a) The Company has adopted the revised Accounting Standard (AS) 15, 'Employee Benefits' issued by the Institute of Chartered Accountants of India w.e.f. 1st April 2007.

b) Contribution to Provident Fund : Amount of Rs. 2394994/- (Previous year Rs. 2367949/- ) is recognised as an expense and included in Employees Remuneration and benefits (Refer Note 29) in the Statement of Profit & Loss for the year ended 31st March 2015.

c) Gratuity : The following table sets out the status of the Defined Benefits Plan as at 31st March 2015 which is based on the report submitted by an Independent Actuary :

The company has initiated the process of obtaining confirmation from suppliers who have registered themselves under Micro and Small Medium Enterprises Development Act. 2006 (MSMED Act, 2006). Based on the information available with the Company, the balance due Micro and Small Medium Enterprises as defined under the MSMSED Act, 2006 is Nil. Further no interest during the year has been paid or payable under the terms of the MSMED Act. 2006.

Some of the customers and suppliers accounts are pending confirmation/reconciliation and the same have been taken as the balances appearing in the books. Any differences arising on account of such reconciliation, which are not likely to be material, will be accounted for as and when these reconciliations are completed.

4. RELATED PARTY DISCLOSURE:

As per Accounting Standard (AS- 18) issued by the Institute of Chartered Accountants of India, information in terms of the said Standard, are disclosed below :

(a) The name of related parties of the Company are as under :-

i. Company having substantial interest

Name of the Company Country of Incorporation

Catvision Unitron Pvt. Ltd. India

Unicat Ltd. UAE

ii. Associates:-

Name of the Company Country of Incorporation

Catvision Unitron Pvt. Ltd. India

Unicat Ltd. UAE

iii. Key Managerial Personnel :

Particulars Relation

Mr. S. A. Abbas Managing Director

Mr. Vinod Rawat Chief Financial Officer

Ms. Rency George Company Secretary

iv. Others Key Managerial Personnel :

Particulars Relation

Mr. Sudhir Damodaran Executive Director

Mrs. Hina Abbas Executive Director

5. SEGMENT REPORTING POLICIES

a) Primary Segment:

Based on the guiding principle given in the Accounting Standard - 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India, the Company has identified two business segments as primary segments. The reportable business segments are "Products" and "Operations & Services". These segments have been identified considering the nature of the products and the internal financial reporting systems.

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segments. Revenue and expenses, which relate to the enterprise as whole and are not allocable to segments on a reasonable basis, have been included under Unallocable Revenue and Expenses. Assets and Liabilities, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under Unallocable Assets/Liabilities.

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Mar 31, 2014

NOTE 1 : CORPORATE INFORMATION:

Catvision Limited, (formerly known as Catvision Products Ltd (the company) is a public limited Company incorporated under the provisions of the Companies Act, 1956. Its shares are listed at Mumbai Stock Exchange. The company is engaged in the manufacturing and selling of CATV equipments energy management system etc. The company caters to both domestic and international markets.

NOTE 2 : BASIS OF PREPERATION:

The company has prepared its financial statements in accordance with generally accepted accounting principles in India (Indian GAAP). While preparing these financial statements, the company has complied with accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on an accrual basis and under the historical cost convention which are carried at revalued amounts.

The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

NOTE 3 : DEFERRED TAX LIABILITY (NET):

Deferred Tax has been provided in accordance with Accounting Standard- 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India. The computation of Deferred Tax Assets/ Deferred Ta x Liabilities as on 31st March 2014 is as follows:

Year Ended Year Ended 31.03.2014 31.03.2013 rs rs

NOTE 4 : CONTINGENT LIABILITIES AND COMMITMENT:

i) Unexpired Bank Guarantee 774,272 2,457,316

ii) Claim against the company not acknowledged as debits* 4,186,003 10,192,325

iii) Unexpired Letter of Credits 2,935,885 8,652,818

a. The claim against the Company comprises of an deduction of Rs. 3,386,003 by Telecommunication Consultants India Ltd. (TCIL) on account of alleged past dues. The said claim for dedecution is not only illegal but also time barred. The Company has suitbaly defended the said claim before the appropriate court.

b. Based on the favorable decisions in similar cases/legal opinions taken by the company/discussions with its legal advisors etc. the Company believes that it has good cases in respect of the item no. (ii) and hence no provision there against is considered necessary.

NOTE 5 : EMPLOYEES BENEFIT:

a) The company has adopted the revised Accounting Standard (AS) 15, ''Employee Benefits'' issued by the Institute of Chartered Accountants of India w.e.f. 1st April 2007.

b) Contribution to Provident Fund : Amount of Rs. 2367949/- (Previous year Rs. 2206642/- ) is recognised as an expense and included in Employees Remuneration and Benefits (Refer Schedule 15) in Statement of the Profit & Loss for the year ended 31st March 2014.

NOTE 6 :

The company has initiated the process of obtaining confirmation from suppliers who have registered themselves under Micro and Small Medium Enterprises Development Act. 2006 (MSMED Act, 2006). Based on the information available with the company, the balance due Micro and Small Medium Enterprises as defined under the MSMSED Act, 2006 is Nil. Further no interest during the year has been paid or payable under the terms of the MSMED Act. 2006 Some of the customers and suppliers accounts are pending confirmation/reconciliation and the same have been taken as the balances appearing in the books. Any differences arising on account of such reconciliation, which are not likely to be material, will be accounted for as and when these reconciliations are completed.

NOTE 7 : RELATED PARTY DISCLOSURE:

As per Accounting Standard (AS- 18) issued by the Institute of Chartered Accountants of India, information in terms of the said Standard, are disclosed below :

i. The company does not have any related party transaction, where control exists.

ii. Related Parties with whome transactions have taken place during the year ended 31st March, 2014 :

a) Key Managerial Personnel :Mr. S. A. Abbas

: Mr. Sudhir Damodaran

b) Relatives of Key Managerial Personnel : Mrs. Hina Abbas

c) Joint Venture Company : M/s Catvision Unitron Private Limited

d) Enterprises in which key managerial personnel : Total Telemedia Private Limited along with their relatives exercise significant influence

NOTE 8 : SEGMENT REPORTING POLICIES: a) Primary Segment:

Based on the guiding principle given in the Accounting Standard - 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India, the company has identified two business segments as primary segments. The reportable business segments are "Products" and "Operations & Services". These segments have been identified considering the nature of the products and the internal financial reporting systems.

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segments. Revenue and expenses, which relate to the enterprise as whole and are not allocable to segments on a reasonable basis, have been included under Unallocable Revenue and Expenses. Assets and Liabilities, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under Unallocable Assets/Liabilities.

NOTE 9 :

Figures of the previous year have been regrouped/ reclassified whereever necessary.

NOTE 10 :

The figures have been rounded off to the nearest Rupee.

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Mar 31, 2013

NOTE 1 : CORPORATE INFORMATION:

Catvision Limited, (formerly known as Catvision Products Ltd (the company) is a public limited Company incorporated under the provisions of the Companies Act, 1956. Its shares are listed at Mumbai Stock Exchange. The Company is engaged in the manufacturing and selling of CATV equipments energy management system etc. The Company caters to both domestic and international markets.

NOTE 2 : BASIS OF PREPERATION:

The Company has prepared its financial statements in accordance with generally accepted accounting principles in India (Indian GAAP). While preparing these financial statements, the company has complied with accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956.

The financial statements have been prepared on an accrual basis and under the historical cost convention which are carried at revalued amounts.

The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

NOTE 3 : EMPLOYEES BENEFIT

a) The Company has adopted the revised Accounting Standard (AS) 15, Employee Benefits issued by the Institute of Chartered Accountants of India w.e.f. 1st April 2007.

b) Contribution to Provident Fund : Amount of 2,206,642/- (Previous year 1,720,532/-) is recognised as an expense and included in Employees Remuneration and benefits (Refer Note 22) in the Statement of Profit & Loss for the year ended 31st March 2013.

c) Gratuity : The following table sets out the status of the Defined Benefits Plan as at 31st March 2013 which is based on the report submitted by an Independent Actuary :

NOTE 4 :

The Company has initiated the process of obtaining confirmation from suppliers who have registered themselves under Micro and Small Medium Enterprises Development Act. 2006 (MSMED Act, 2006). Based on the information available with the Company, the balance due Micro and Small Medium Enterprises as defined under the MSMSED Act, 2006 is Nil. Further no interest during the year has been paid or payable under the terms of the MSMED Act. 2006 Some of the customers and suppliers accounts are pending confirmation/reconciliation and the same have been taken as the balances appearing in the books. Any differences arising on account of such reconciliation, which are not likely to be material, will be accounted for as and when these reconciliations are completed.

NOTE 5 : RELATED PARTY DISCLOSURE

As per Accounting Standard (AS- 18) issued by the Institute of Chartered Accountants of India, information in terms of the said Standard, are disclosed below :

i. The Company does not have any related party transaction, where control exists.

ii. Related Parties with whome transactions have taken place during the year ended 31st March, 2010 :

a) Key Managerial Personnel : : Mr. S. A. Abbas

: Mr. Sudhir Damodaran

b) Relatives of Key Managerial Personnel : : M Hina Abbas

c) Joint venture Company : : M/s Catvision Unitron Pvt. Ltd.

NOTE 6:

In the opinion of the Board of Directors, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business.

NOTE 7 : SEGMENT REPORTING POLICIES

a) Primary Segment: Based on the guiding principle given in the Accounting Standard - 17 Segment Reporting" issued by the Institute of Chartered Accountants of India, the Company has identified two business segments as primary segments. The reportable business segments are Products" and Operations & Services". These segments have been identified considering the nature of the products and the internal financial reporting systems.Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segments. Revenue and expenses, which relate to the enterprise as whole and are not allocable to segments on a reasonable basis, have been included under Unallocable Revenue and Expenses. Assets and Liabilities, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under Unallocable Assets/Liabilities.

NOTE 8 :

Figures of the previous year have been regrouped/ reclassified whereever necessary.

NOTE 9 :

The figures have been rounded off to the nearest Rupee.

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Mar 31, 2010

A. NATURE OF OPERATION :

The Company offers vide range of CATV products to cable operators and broadcasters, CATV/ SMATV and energy saving equipments to hotels and security solutions to hotels, shopping malls and big commercial centers.

1. Contingent Liabilities :

as at as at 31.03.2010 3103 2009 (Rupees) (Rupees)

i) Unexpired Bank Guarantees 2,616,521 70,000

ii) Claim against the company not acknowledged as debits 5,850,053 5,850,053

iii) Unexpired Letter of Credits 1,025,355 11,036,432

Note : Based on the favorable decisions in similar cases/legal opinions taken by the company/discussions with its legal advisors etc. the Company believes that it has good cases in respect of the item no. (ii) and hence no provision there against is considered necessary.

2. Employees Benefit :

a) The Company has adopted the revised Accounting Standard (AS) 15, ‘Employee Benefits’ issued by the Institute of Chartered Accountants of India w.e.f. 1st April 2007.

b) Contribution to Provident Fund : Amount of Rs. 1610050/- (Previous year Rs. 1536928/- ) is recognised as an expense and included in Employees Remuneration and benefits (Refer Schedule 15) in the Profit & Loss Account for the year ended 31st March 2010.

3. The Company has initiated the process of obtaining confirmation from suppliers who have registered themselves under Micro and Small Medium Enterprises Development Act. 2006 (MSMED Act, 2006). Based on the information available with the Company, the balance due Micro and Small Medium Enterprises as defined under the MSMSED Act, 2006 is Nil. Further no interest during the year has been paid or payable under the terms of the MSMED Act. 2006.

4. Some of the customers and suppliers accounts are pending confirmation/reconciliation and the same have been taken as the balances appearing in the books. Any differences arising on account of such reconciliation, which are not likely to be material, will be accounted for as and when these reconciliations are completed.

5. Related Party Disclosure :

As per Accounting Standard (AS- 18) issued by the Institute of Chartered Accountants of India, information in terms of the said Standard, are disclosed below :

i. The Company does not have any related party transaction, where control exists.

ii. Related Parties with whome transactions have taken place during the year ended 31st March, 2010 :

a) Key Managerial Personnel :

Mr. S. A. Abbas

Mr. Sudhir Damodaran

b) Relatives of Key Managerial Personnel :

Mrs. Hina Abbas Mrs. A. C.

6. In the opinion of the Board of Directors, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business.

7. Figures of the previous year have been regrouped/ reclassified whereever necessary.

8. The figures have been rounded off to the nearest Rupee.